PBOC Uses China’s Biggest Banks to Ease Crunch

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July 1 (Bloomberg) -- China is using its biggest state-controlled lenders as a conduit to selectively provide cheap funds in the interbank market to help dutiful banks weather the worst cash crunch in a decade while punishing those judged to have taken on too much risk. Angie Lau reports on Bloomberg Television's "First Up." (Source: Bloomberg)

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